Which of following is a recurrent expenditure in public s...
Which of following is a recurrent expenditure in public sector accounting?
Purchase of vehicles
Purchase of drugs
Construction of bore holes
Construction of buildings
Correct answer is B
Recurrent expenditure on goods and services is expenditure, which does not result in the creation or acquisition of fixed assets (new or second-hand). It consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation).
Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...
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